YOU — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($48.04)
DCF	$100.74	+109.7%
Graham Number	$8.22	-82.9%
Reverse DCF	—	implied g: 2.7%
DDM	$12.36	-74.3%
EV/EBITDA	$49.84	+3.8%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $266.67M

Near-term growth (yrs 1–5)(%)Rev: 16.7% / EPS: -71.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.65%

Computed WACC: 10.65%

Cost of equity (Re)10.83%(Rf 4.30% + β 1.19 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)98.30%

Debt weight (D/V)1.70%

Results

Intrinsic Value / share$79.23

Current Price$48.04

Upside / Downside+64.9%

Net Debt (used)-$587.85M

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	8.7%	12.7%	16.7%	20.7%	24.7%
7.0%	$107.39	$126.31	$148.02	$172.84	$201.08
8.0%	$87.66	$102.68	$119.92	$139.60	$161.99
9.0%	$74.06	$86.42	$100.58	$116.74	$135.10
10.0%	$64.16	$74.57	$86.49	$100.09	$115.53
11.0%	$56.62	$65.57	$75.80	$87.45	$100.68

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $1.66

Book Value / share($)Yahoo: $1.81

Results

Graham Number$8.22

Current Price$48.04

Margin of Safety-82.9%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.65%

Terminal growth rate(%)

Computed WACC: 10.65%

Cost of equity (Re)10.83%(Rf 4.30% + β 1.19 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)98.30%

Debt weight (D/V)1.70%

Results

Current Price$48.04

Implied Near-term FCF Growth6.7%

Historical Revenue Growth16.7%

Historical Earnings Growth-71.4%

Base FCF (TTM)$266.67M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: $0.60

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$12.36

Current Price$48.04

Upside / Downside-74.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $208.31M

Target EV/EBITDA multipleCurrent: 20.5×

Net Debt($B)Default: -$587.85M

Results

Implied Equity Value / share$49.84

Current Price$48.04

Upside / Downside+3.8%

Implied EV$4.27B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$2.59B	-$1.59B	-$587.85M	$412.15M	$1.41B
16.5x	$61.82	$51.56	$41.29	$31.03	$20.77
18.5x	$66.10	$55.83	$45.57	$35.31	$25.04
20.5x	$70.37	$60.11	$49.84	$39.58	$29.32
22.5x	$74.65	$64.38	$54.12	$43.86	$33.59
24.5x	$78.92	$68.66	$58.40	$48.13	$37.87

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